South Africa Telecom Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The South Africa Telecom Market revenue is expected at a CAGR of 5.32% over the next five years. The need for telecommunications services in South Africa has increased significantly during the last five years. Due to emerging technology (including artificial intelligence and the internet of things) and the COVID-19 pandemic, data requirements have recently increased particularly swiftly.
Key HighlightsThe South African telecom market is moderately fragmented in nature. Some major players in the market studied include Vodacom South Africa, Telkom SA SOC Limited, MTN South Africa, Cell C Limited, and Saicom South Africa. The market also hosts other Internet service providers (ISPs), MVNOs, and fixed-line service providers. Some South African telecommunication companies are competitive internationally and hold firm ground in the global telecom space.
In March 2022, MTN South Africa, one of the market-leading telecom companies in the country, announced its investments in 5G and network expansion drives. The operator affirms that it intends to invest around ZAR 620 million (USD 42.25 million) in network expansion and 5G push in the Free State, the nation's judicial capital, and the Northern Cape, the country's largest province.
In March 2022, Vodacom South Africa introduced an online resource hub called the V-Hub for small- and medium-sized businesses (SMEs). This is a simple platform that offers CIO online advisory services to enterprises. SMEs may become more flexible and agile by implementing the correct digital solutions, allowing them to adjust swiftly to clients' changing demands.
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